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USD/JPY Discussion

  • #51,741
  • Nov 26, 2014 12:25pm Nov 26, 2014 12:25pm
Quoting tashkent
everything will be cool if y'all admit you ain't know a shit about the future. if you do, prove it.

Yes obviously no one knows anything the about the future. its about risk and probability set ups.
  • #51,742
  • Nov 26, 2014 12:25pm Nov 26, 2014 12:25pm
Here we go!
Good luck and may the odds be ever in your favor!
  • #51,743
  • Nov 26, 2014 12:25pm Nov 26, 2014 12:25pm
Quoting dbutton1990
Here we go!

Yes sir.
  • #51,744
  • Nov 26, 2014 12:25pm Nov 26, 2014 12:25pm
Quoting dbutton1990
Possible to see 118.50 before the end of the week! I will be monitoring that level closely. If we break above I will keep my longs. If we don't, then I will look at maybe scalping this consolidation range!
as long as you stick with your plan else stuff might go bad
  • #51,745
  • Nov 26, 2014 12:31pm Nov 26, 2014 12:31pm
Quoting dbutton1990
Here we go!
had i known the future, would not close my long minutes before this but i am happy with my 0.7%
As Above, So Below
  • #51,746
  • Nov 26, 2014 12:53pm Nov 26, 2014 12:53pm
Sellers up there, short term ones
COT: The precious data ignored
  • #51,747
  • Nov 26, 2014 12:55pm Nov 26, 2014 12:55pm
Quoting Rizmeister
{quote} And yes 120+ will be in our very near future...What happened to all the bears saying short now short now? Then moving up hundred of more pips. HA! I am looking at the big picture....you can net your 30 pip drops
lol that short now talk only lasts for few days the most.. Bulls world

I too have been long . Since 102 level.. Havent shorted once. BANK baby
  • #51,748
  • Nov 26, 2014 1:03pm Nov 26, 2014 1:03pm
Yep I remember
  • #51,749
  • Nov 26, 2014 1:04pm Nov 26, 2014 1:04pm
Daily pivot is above the weekly pivot which is above the monthly pivot = strong uptrend is still in play

Price has touched down or near the weekly pivot a few times over the past week or so, and each time there has been strong buying interest.

There is absolutely every reason to be bullish on this pair, as long as price continues to trade above the weekly pivot. Of course if you are trading intra-day, this does not apply, but only if you're holding mid to long-term.

However, if price falls below 117.40 (weekly pivot), then it could indicate the possibility that this pull-back will take a further dive.

The DP at 118.07 is the key hurdle on the horizon for today.

Also, if you look at the daily chart, price is still trading above the 8 EMA. I would think that if any downward move was imminent, we'd see price dip below the 8 day average and stay below it.
  • #51,750
  • Nov 26, 2014 1:07pm Nov 26, 2014 1:07pm
After tokyo open all asia will buying yen, bad US data + abe talks last friday
a big sell off is on the way
all this spikes just manipulation
  • #51,751
  • Nov 26, 2014 1:21pm Nov 26, 2014 1:21pm
A breakout further north is in the cards...118.50 seeming more likely now.
Attached Image (click to enlarge)
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Good luck and may the odds be ever in your favor!
  • #51,752
  • Nov 26, 2014 1:56pm Nov 26, 2014 1:56pm
Quoting artocarpus
After tokyo open all asia will buying yen, bad US data + abe talks last friday a big sell off is on the way all this spikes just manipulation
Key areas to note here if we break 117.45

.50 level is 117.22

.618 level is 116.81

.786 level is 116.32

100% level is at 115.46

If we break below 115.46 we would be in a reversal. This scenario is highly unlikely unless a major event took place. The .382 level has already been hit at 117.60 and that's why we're currently in consolidation. It's trying to figure out what it wants to do! If 117.45 breaks, I would short and target 116.81 as the .618 always has a high percentage of being hit in my past experience.

Based on what I'm seeing here though, we have established a good support at 117.45. We should be heading up to the D 1.618 level at 121 any day now. Keep in mind this will not happen in straight line. The market waves at it moves!
Good luck and may the odds be ever in your favor!
  • #51,753
  • Nov 26, 2014 4:42pm Nov 26, 2014 4:42pm
Barclays expect further rise on yen pairs , it points out that many hedge funds will be trying to take advantage of BoJ policy.
  • #51,754
  • Nov 26, 2014 6:49pm Nov 26, 2014 6:49pm
Bears need to break this down in coming hours or bulls gonna take this bad boy up

EDIT: LEts go bulls get this bad girl above 117.7x

PS Here we go bears gonna test this support..if it breaks it might breakdown some.
  • #51,755
  • Nov 26, 2014 6:58pm Nov 26, 2014 6:58pm
Quoting Rizmeister
Bears need to break this down in coming hours or bulls gonna take this bad boy up EDIT: LEts go bulls get this bad girl above 117.7x PS Here we go bears gonna test this support..if it breaks it might breakdown some.
Its amazing to me how many times this level has been tested...still holding strong!
Good luck and may the odds be ever in your favor!
  • #51,756
  • Nov 26, 2014 6:59pm Nov 26, 2014 6:59pm
Quoting dbutton1990
{quote} Its amazing to me how many times this level has been tested...still holding strong!
I agree. Lets hope it can hold my brother. If so Up we go.
  • #51,757
  • Nov 26, 2014 7:02pm Nov 26, 2014 7:02pm
reading all these posts i am losing my hope in humanity
As Above, So Below
  • #51,758
  • Nov 26, 2014 7:02pm Nov 26, 2014 7:02pm
UJ seems struggle with the upside yesterday, downside we should watch the key area of 117.35/40.
  • #51,759
  • Nov 26, 2014 7:04pm Nov 26, 2014 7:04pm
Quoting tashkent
reading all these posts i am losing my hope in humanity

Lol tash...you make no sense everything posted is accurate and based off key levels and prior highs and lows...actually the basics to be honest nothing fancy.

I look for PA at certain levels plain and simple. (part of it) the rest is a secret


PS. You should elaborate on your statement and thought instead of sounding like a buffoon.
  • #51,760
  • Nov 26, 2014 7:08pm Nov 26, 2014 7:08pm
I'm hoping jpy goes up I'm on the people trapped in this sideways movement
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